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Euro Falls Against Resurgent Dollar As Lagarde Plays Down Rising Inflation

The euro fell against the dollar, erasing most of yesterday’s gains after the dovish FOMC rate decision as the dollar recovered, surging higher. The EUR/USD currency pair fell amid a risk-off market environment as investors gravitated towards the higher-yielding dollar while dumping the riskier currencies.

Euro Spikes Higher Against Dollar on Dovish Fed Interest Rate Decision

The euro spiked higher against the dollar, triggered by the dovish tone adopted by Fed Chairman Jerome Powell after announcing the bank’s interest rate decision. The EUR/USD currency pair had traded sideways for most of today’s session before the spike higher, as the US Dollar Index crashed, boosting riskier currencies.

Euro Falls Despite Upbeat Euro Area Macros as Dollar Surges on Stimulus

The euro fell against the dollar fueled by the negative investor sentiment following dovish comments from an ECB policymaker regarding rising European yields. The EUR/USD currency pair’s rally was further driven by the surge in US Treasury yields as bonds sold off following the signing of the $1.9 trillion US stimulus bill.

Euro Rallies Against Dollar on Falling Treasury Yields, German Trade Data

The euro edged higher against the dollar, reversing a four-day losing streak boosted by the positive investor sentiment and falling US Treasury yields. The EUR/USD currency pair rallied higher, fueled by the positive German trade data combined with the dollar’s overall weakness, adding to the pair’s gains.

Euro Falls on Dovish ECB Member Comments, Ignores PMIs and Weak US Data

The euro fell against the dollar after inching higher initially fueled by positive PMI data from the euro area before heading lower as investor sentiment shifted. The EUR/USD currency pair’s decline was fueled by dovish comments from European Central Bank policymakers who spoke in favour of more stimulus.

Euro Rallies Despite Weak German Retail Sales, Buoyed by Dovish Fed Speeches

The euro initially fell against the dollar on weak investor sentiment combined with disappointing retail data from Germany but later recovered and rallied higher. The EUR/USD currency pair rallied higher despite dovish comments from European Central Bank policymakers who dislike the rising euro area bond yields.

Euro Drops Against Dollar, Spikes Higher on Powell Speech, Later Falls

The euro fell against the resurgent US dollar ignoring in-line euro area releases, as US Treasury yields remained stable during the first half of today’s session. The EUR/USD currency pair spiked higher during Jerome Powell‘s speech but later fell despite the Fed chair reiterating the bank’s accommodative stance.

Euro Plunges Against Buoyant Dollar on Upbeat US Retail Sales and PPI Data

The euro fell against the resurgent dollar buoyed by rising US Treasury yields and upbeat US retail sales figures amid a mostly empty European docket. The EUR/USD currency pair was under intense selling pressure for the second consecutive day after hitting 3-week highs largely driven by the dollar.

Euro Gains as GDP & ZEW Economic Sentiment Beat Expectations

The euro rose today on the back of better-than-expected macroeconomic releases in the eurozone. The shared 19-nation currency gained against all of its most-traded rivals, except for the New Zealand dollar, which was extremely strong during Tuesday’s trading.

Euro Falls amid Slow Vaccine Rollout, Declining Industrial Production

The euro fell against the majority of most-traded currencies today, though managed to keep its previous gains versus the US dollar and extend the rally against the Japanese yen. Market analysts named two most likely reasons for the euro’s weakness: a slow vaccine rollout and a bigger-than-expected contraction of industrial production.

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